XML 66 R49.htm IDEA: XBRL DOCUMENT v3.21.2

SEGMENT INFORMATION (Tables)

12 Months Ended

Sep. 30, 2021

Segment Reporting [Abstract]

Segment Financial Information

The following tables present financial information for the Company’s reportable segments for the periods indicated:

			Year Ended September 30,
			2021						2020						2019
Net Sales:
U.S. Consumer			$	3,197.7					$	2,883.5					$	2,311.7
Hawthorne			1,424.2						1,023.1						640.6
Other			303.1						225.0						203.7
Consolidated			$	4,925.0					$	4,131.6					$	3,156.0
Segment Profit:
U.S. Consumer			$	726.7					$	694.3					$	526.7
Hawthorne			163.8						111.9						54.6
Other			42.1						11.7						10.3
Total Segment Profit			932.6						817.9						591.6
Corporate			(149.7)						(183.4)						(135.3)
Intangible asset amortization			(30.9)						(32.5)						(33.4)
Impairment, restructuring and other			(29.0)						(16.8)						(13.3)
Equity in income of unconsolidated affiliates			14.4						—						3.3
Costs related to refinancing			—						(15.1)						—
Interest expense			(78.9)						(79.6)						(101.8)
Other non-operating income, net			18.6						20.1						270.5
Income from continuing operations before income taxes			$	677.1					$	510.6					$	581.6
Depreciation and amortization:
U.S. Consumer			$	48.6					$	48.0					$	46.2
Hawthorne			30.3						31.7						33.5
Other			7.0						7.5						5.9
Corporate			7.9						7.5						3.7
			$	93.8					$	94.7					$	89.3
Capital expenditures:
U.S. Consumer			$	78.3					$	52.3					$	28.6
Hawthorne			25.0						7.8						10.1
Other			3.6						2.6						3.7
			$	106.9					$	62.7					$	42.4

			September 30,
			2021						2020
Total assets:
U.S. Consumer			$	2,333.1					$	2,002.2
Hawthorne			1,442.8						1,054.9
Other			209.6						166.6
Corporate			814.5						156.8
Consolidated			$	4,800.0					$	3,380.5

Net sales by product category

The following table presents net sales by product category for the periods indicated:

			Year Ended September 30,
			2021						2020						2019
U.S. Consumer:
Growing media and mulch			$	1,286.7					$	1,164.0					$	942.5
Lawn care			1,060.6						943.3						781.6
Controls			402.4						383.7						310.8
Roundup® marketing agreement			145.2						132.7						112.1
Other, primarily gardening			302.8						259.8						164.7
Hawthorne:
Lighting			452.4						328.7						214.8
Nutrients			307.8						232.6						154.5
Growing environment			264.0						154.2						82.7
Growing media			192.6						148.9						91.1
Other, primarily hardware			207.4						158.7						97.5
Other:
Growing media			116.7						90.6						77.8
Lawn care			99.2						73.7						69.2
Other, primarily gardening and controls			87.2						60.7						56.7
Total net sales			$	4,925.0					$	4,131.6					$	3,156.0

Percentages of Three Largest Customers Consolidated Net Sales

The Company’s two largest customers accounted for the following percentages of net sales for the fiscal years ended September 30: 

			Percentage of Net Sales
			2021						2020						2019
Home Depot			24		%				26		%				30		%
Lowe’s			15		%				18		%				19		%

Net Sales and Long-lived Assets by Geographic Area

The following table presents net sales by geographic area for the periods indicated:

			Year Ended September 30,
			2021						2020						2019
Net sales:
United States			$	4,507.0					$	3,773.4					$	2,851.9
International			418.0						358.2						304.1
			$	4,925.0					$	4,131.6					$	3,156.0

The following table presents long-lived assets (property, plant and equipment and finite-lived intangibles) by geographic area: 

			September 30,
			2021						2020
Long-lived assets:
United States			$	868.8					$	773.5
International			139.1						141.8
			$	1,007.9					$	915.3

X

- Definition

Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599

+ Details

Name:	us-gaap_ScheduleOfEntityWideInformationRevenueFromExternalCustomersByProductsAndServicesTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the extent of the entity's reliance on its major customers, if revenues from transactions with a single external customer amount to 10 percent or more of entity revenues, including the disclosure of that fact, the total amount of revenues from each such customer, and the identity of the reportable segment or segments reporting the revenues. The entity need not disclose the identity of a major customer or the amount of revenues that each segment reports from that customer. For these purposes, a group of companies known to the entity to be under common control is considered a single customer, and the federal government, a state government, a local government such as a county or municipality, or a foreign government is each considered a single customer.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfRevenueByMajorCustomersByReportingSegmentsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.1)
-URI http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227

+ Details

Name:	us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsByGeographicalAreasTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration